06-06-2011, 10:53 AM
I do business with several businesses on that list. They didn't forgive shit. At least not to someone like me...
Why were these businesses in trouble in the first place? The lending institutions did what the Dems asked and gave NINJA loans to people who weren't qualified to take on a mortgage and gave unsecured loans to their builder buddies. The car companies suffer because we fucked our trade agreements with foreign car companies and even let them build a lot their "foreign" cars here so they don't have to pay import taxes. I guess the government "owed" both of those industries.
Don't even get me started with Fannie Mae and Freddie Mac. How much of that bailout money went overseas (where Fannie and Freddie borrow most of their money)? I don't even fucking want to know.
Why were these businesses in trouble in the first place? The lending institutions did what the Dems asked and gave NINJA loans to people who weren't qualified to take on a mortgage and gave unsecured loans to their builder buddies. The car companies suffer because we fucked our trade agreements with foreign car companies and even let them build a lot their "foreign" cars here so they don't have to pay import taxes. I guess the government "owed" both of those industries.
Don't even get me started with Fannie Mae and Freddie Mac. How much of that bailout money went overseas (where Fannie and Freddie borrow most of their money)? I don't even fucking want to know.